R.K.Fashion Accessories IPO

R.K. Fashion Accessories is a Kolkata-based company engaged in imitation jewellery made through contract manufacturers and job workers, wholesale and retail distribution, and trading of branded cosmetics.

The company also earns rental and commission income from hospitality assets; from FY25, it began leasing its hotels to third parties instead of operating them directly. The company serves distributors, dealers, retailers and direct customers through wholesale stores, shop-in-shop counters, e-commerce marketplaces and its own websites. The company has acquired a four-storey property on Rash Behari Avenue for a proposed B2C showroom.

In FY26, imitation jewellery contributed 81.8% of revenue, cosmetics contributed 16.1%, and rental and commission income contributed 1.9%. The imitation jewellery share increased from 67.4% in FY24, while cosmetics declined from 25.2% and rental and commission income declined from 7.3%. Contract-manufactured products represented 72.6% of the FY26 revenue, compared with 57.4% in FY24. B2B revenue was 95.1% of FY26 revenue, while B2C revenue was 4.8%. In terms of geography, West Bengal contributed 65.7% of FY26 revenue, followed by Odisha at 9.6%, Bihar at 6.7%, Assam at 5.2% and Jharkhand at 4.1%.

By operating channel, wholesale contributed 82.5% of FY26 revenue, shop-in-shop counters 10.6%, e-commerce 4.8%, and rental and commission income 1.9%. The product portfolio spans wedding and daily-wear jewellery, including bangles, sets, chains and malas, earrings, rings and other imitation jewellery. Within FY26 jewellery revenue, regular-wear City Girl products contributed 72.38%, wedding jewellery 23.54%, and Manikya cubic zirconia/American diamond jewellery 4.08%. Bangles, sets, chains and malas, and other imitation jewellery were the largest product categories at 22.38%, 20.67%, 16.22% and 14.45% of jewellery revenue, respectively.